Citic Alpha Leaders fund delivers despite sharp market swings

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The investing environment proved treacherous last year for
most long/short fund managers but the $121 million Citic
Securities Alpha Leaders Fund, which trades in Hong Kong and
Chinese shares as well as American depositary receipts of
Chinese companies, delivered a 6.22% return for the whole of
2011.

That is an impressive performance given that during the
period the Hang Seng Index stumbled 20.13%, while the composite
indices for the Shanghai and Shenzhen markets slipped 22.60%
and 34.08% respectively. In January, the fund slipped a slight
five basis points, against a 1.75% gain for the AsiaHedge
Composite.

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